Description
Value You Can Measure
Beaver Meadows homeowners have countless strong reasons to replace their windows. Repairing damaged windows, changing the design of your home etc… Many such values may be calculated relatively explicitly.
First of all, windows preserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This places windows among the top 5 home improvement investments in terms of value retention.
As for energy savings, people living in Beaver Meadows, could have major declines on annual expenditures for heating & cooling. If you already have dual pane windows you may save around $110.17 compared to $116 in Philadelphia. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $257.91 per year, compared to $294 in Philadelphia.
Grow your Beaver Meadows Home’s Value through Energy Savings
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Switching your windows to EnergyStar rated National Vinyl windows can increase the asking price of your home. As mentioned before, windows preserve most of their initial value especially given their long life expectancy. At a rate of 72.3% estimated for 2020 an average total window replacement job costing $17,925 would preserve $13,018 of its initial value.
Moreover, many buyers are willing to pay a premium for energy savings. Here we try to ascertain : What’s the return on energy savings when it comes time to sell? Here is what we discovered in Beaver Meadows:
Basic Dual-Pane to National Vinyl
If you already have dual-pane windows (non-EnergyStar rated), in Beaver Meadows, your home value could increase by around $550.87 and $732.66 for a mid-tier or top-tier Beaver Meadows home respectively. For comparison, the same upgrade in Philadelphia may get you somewhere between $580 and $771.4.
Single-Pane to National Vinyl
When upgrading from low-efficiency single-pane windows, the potential is even greater. Beaver Meadows homeowners could see an estimated home value increase of between $1289.54 for mid-tier homes and $1715.09 for the top tier. Compare this to between $1470 and $1955.1 in Philadelphia.
Put differently, a window upgrade in Beaver Meadows can add anywhere from 0.67% percent and 2.1 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Beaver Meadows homeowner is relatively clear.
The variation between the range for Beaver Meadows and Philadelphia, which for reference, would yield a potential premium range of 0.71% percent and 0.94% percent respectively, is derived from a number of factors, primarily; the -0.56% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Allentown-Bethlehem-Easton region, and energy cost differences between Beaver Meadows and Philadelphia.
The data presented is derived from EnergyStar, the NREL,Department of Energy and professional research performed by the National Association of Homebuilders. Beaver Meadows home value data is provided by Zillow.
Data Sources & Disclaimers
Sources:
https://www.bls.gov/regions/
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption
https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
https://www.eia.gov/consumption/residential/data/2015/index.php?view=consumption#by%20end%20uses
https://openei.org/wiki/NSTAR_Electric_Company
https://www.aceee.org/press/2018/10/aceee-2018-state-energy-efficiency
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187724.php?page_id=32&pid=NAH
http://eyeonhousing.org/2019/04/how-much-are-buyers-willing-to-pay-for-energy-efficiency/
https://www.builderbooks.com/what-home-buyers-really-want–2019-edition-products-9780867187731.php
https://www.remodeling.hw.net/cost-vs-value/2020/new-england/
Disclaimer: The information on our website is general in nature and is not intended as a substitute for competent legal, financial or engineering advice.
Although National Vinyl is a Member of the National Homebuilders association and TrustGard windows are the recipient of EnergyStar’s “Most Efficient”,
we wish to state clearly and unequivocally: the information provided does not consitute an endorsement by or from any third party. We make no representation as to the accuracy of the information entered by third parties.We, our directors or shareholders disclaim any liability for any damages or loss arising from your use thereof.
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Energy Savings & ROI: Beaver Meadows vs the rest of Pennsylvania
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